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Registros recuperados: 12
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A COMPARISON OF CAPITAL MEASURES IN U.S. AGRICULTURE AgEcon
Andersen, Matthew A.; Alston, Julian M..
This study compares two panel data sets that measure capital input at the state-level in U.S. agriculture. Despite a number of similarities between the data sets, such as the composition of assets, aggregation procedures, and time frame, an examination of the final estimates of capital service flows reveals that they are drastically different for all 48 contiguous states. We examine the methods used to construct the capital series for each data set, consider some important differences in data sources and the types of data used to construct the capital measures, and outline the main assumptions concerning depreciation, service lives, interest rates, aggregation, and the scope of goods included in each of the data sets. The analysis indicates that an...
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural and Food Policy.
Ano: 2004 URL: http://purl.umn.edu/20153
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Agricultural R&D Lags from a Dual Perspective AgEcon
Yao, Xiaojia; Andersen, Matthew A..
This study examines the role of public agricultural research and development (R&D) in the process of knowledge production and productivity growth in U.S. agriculture from a new perspective. The seminal work of Griliches (1967) established the relationship between investments in R&D, the process of knowledge production, and the productivity enhancing benefits they create. In the literature on estimating knowledge production functions measures of multi-factor productivity (MFP) are regressed against measures of knowledge stocks, thereby enabling the researcher to quantify the relationship between the stream of investment expenditures and the productivity enhancing benefits they produce. A critical aspect of this research involves how to handle...
Tipo: Conference Paper or Presentation Palavras-chave: Multi-factor Productivity; Dual estimates; Public R&D; Lag distribution; Agricultural and Food Policy; Productivity Analysis.
Ano: 2010 URL: http://purl.umn.edu/61819
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Asset Utilization and Bias in Measures of U.S. Agricultural Productivity AgEcon
Alston, Julian M.; Andersen, Matthew A.; Pardey, Philip G..
A common observation is that measures of productivity growth are pro-cyclical, meaning they are higher (or grow faster) on average during periods of economic expansion than during periods of economic contraction. This study focuses on measurement errors related to capital inputs as an explanation for the existence of pro-cyclical patterns in measures of agricultural productivity. Calculating a time series of capital inputs is difficult and prone to errors. Myriad assumptions are required to construct a typical measure of the capital stock, and further, sometimes related, assumptions must be made about the utilization of the stock to derive a measure of capital service flows. We test the hypothesis that unmeasured changes in the utilization of capital...
Tipo: Conference Paper or Presentation Palavras-chave: Financial Economics.
Ano: 2006 URL: http://purl.umn.edu/21220
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Capital Service Flows: Concepts and Comparisons of Alternative Measures in U.S. Agriculture AgEcon
Andersen, Matthew A.; Alston, Julian M.; Pardey, Philip G..
Measures of capital services are used in studies of production and to inform policies related to growth and development. A variety of methods have been used to measure capital stocks and service flows. In this study we review methods commonly used to measure capital service flows, and outline important assumptions used in constructing such measures. We examine two recently constructed data sets that measure capital inputs in U.S. agriculture. Substantial differences in the measures appear to have been caused by the use of a fixed real interest rate versus a variable real market interest rate to calculate capital services.
Tipo: Working or Discussion Paper Palavras-chave: Capital measures; U.S. agriculture; State-level panel data; Agricultural and Food Policy; Agricultural Finance; Productivity Analysis.
Ano: 2009 URL: http://purl.umn.edu/50098
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Capital Services in U.S. Agriculture: Concepts, Comparisons, and the Treatment of Interest Rates AgEcon
Andersen, Matthew A.; Alston, Julian M.; Pardey, Philip G..
This is a substantially revised version of “Capital Service Flows: Concepts and Comparisons of Alternative Measures in U.S. Agriculture.” Andersen, Matt A.; Alston, Julian M.; Pardey, Philip G., St. Paul, MN: University of Minnesota, Department of Applied Economics; University of Minnesota, International Science and Technology Practice and Policy (InSTePP), 2009. (Staff paper P09-8; InSTePP paper 09-03)
Tipo: Working or Discussion Paper Palavras-chave: Agricultural Finance.
Ano: 2010 URL: http://purl.umn.edu/92801
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Capital Use Intensity and Productivity Biases AgEcon
Andersen, Matthew A.; Alston, Julian M.; Pardey, Philip G..
This is a substantially revised version of “Capital Use Intensity and Productivity Biases.” Andersen, Matt A.; Alston, Julian M.; Pardey, Philip G., St. Paul, MN: University of Minnesota, Department of Applied Economics; University of Minnesota, International Science and Technology Practice and Policy (InSTePP), 2007. (Staff paper P07-06; InSTePP paper 07-02)
Tipo: Working or Discussion Paper Palavras-chave: U.S. agriculture; Pro-cyclical productivity; Capital utilization; Primal productivity bias; Productivity Analysis; D24; C51; Q1; O4; O47.
Ano: 2010 URL: http://purl.umn.edu/93143
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Capital Use Intensity and Productivity Biases AgEcon
Andersen, Matthew A.; Alston, Julian M.; Pardey, Philip G..
Measures of productivity growth are often pro-cyclical. This study focuses on measurement errors in capital inputs, associated with unobserved variations in capital utilization rates, as an explanation for the existence of pro-cyclical patterns in measures of agricultural productivity. Recently constructed national and state-specific indexes of inputs, outputs, and productivity in U.S. agriculture for 1949-2002 are used to estimate production functions in growth rate form that include proxy variables for changes in the utilization of durable inputs. The proxy variables include an index of farmers’ terms of trade and an index of local seasonal growing conditions. We find that utilization responses by farmers are significant and bias measures of productivity...
Tipo: Working or Discussion Paper Palavras-chave: Productivity Analysis.
Ano: 2007 URL: http://purl.umn.edu/7314
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Environmental Bonding for Land Reclamation AgEcon
Igarashi, Yoshiyuki; Andersen, Matthew A.; Coupal, Roger H..
Tipo: Conference Paper or Presentation Palavras-chave: Environmental Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/61866
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Reclamation Costs and Regulation of Oil and Gas Development with Application to Wyoming AgEcon
Andersen, Matthew A.; Coupal, Roger H.; White, Bridgette.
Tipo: Journal Article Palavras-chave: Land Economics/Use; Resource /Energy Economics and Policy.
Ano: 2009 URL: http://purl.umn.edu/92846
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Structural Changes in U.S. Agricultural Production and Productivity AgEcon
James, Jennifer S.; Alston, Julian M.; Pardey, Philip G.; Andersen, Matthew A..
Tipo: Journal Article Palavras-chave: Livestock Production/Industries.
Ano: 2009 URL: http://purl.umn.edu/94313
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The Economic Returns to U.S. Public Agricultural Research AgEcon
Alston, Julian M.; Andersen, Matthew A.; James, Jennifer S.; Pardey, Philip G..
Replaced with revised version of paper 07/22/11. Former Title: Revisiting the Returns to U.S. Public Agricultural Research: New Measures, Models, Results, and Interpretation
Tipo: Working or Discussion Paper Palavras-chave: Spatial technology spillovers; Knowledge stocks; R&D lags; Public agricultural R&D; U.S. states; Research and Development/Tech Change/Emerging Technologies.
Ano: 2010 URL: http://purl.umn.edu/95522
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WELFARE ANALYSIS AND POLICY RECOMMENDATIONS FOR THE CALIFORNIA RAISIN MARKETING ORDER AgEcon
Keeling Bond, Jennifer J.; Andersen, Matthew A..
This empirical study analyzes the economic implications of reorganizing the California raisin marketing order. Welfare changes are examined for several groups when volume control and price discrimination policies are adopted singly and in combination. Results indicate that benefits from combinations of programs are highly sensitive to elasticities of pooled demand.
Tipo: Conference Paper or Presentation Palavras-chave: Marketing.
Ano: 2004 URL: http://purl.umn.edu/20019
Registros recuperados: 12
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